Articles from www.reuters.com

Articles from www.reuters.com

South Korea's Finance Minister Choi Sang-mok says the government is preparing a $7.3B+ support package for chip investments to win the “war” in the chip sector (www.reuters.com)
2024-5-12 Korea

Sources: OpenAI plans to announce its AI-powered search product on May 13 (www.reuters.com)
2024-5-10 AI

Roblox reports Q1 revenue up 22% YoY to $801M, bookings up 19% YoY to $923M, DAUs up 17% YoY to 77.7M, and cuts its full-year bookings forecast; RBLX drops 30% (www.reuters.com)
2024-5-9

Bumble reports Q1 revenue up 10.2% YoY to $267.8M, vs. $265.5M est., total paying users of ~4M, up from 3.5M a year ago, and expects Q2 revenue below estimates (www.reuters.com)
2024-5-9

US hospital operator Ascension reports disruptions to its clinical operations due to a suspected cybersecurity incident and engages Mandiant to help investigate (www.reuters.com)
2024-5-9

Arm reports Q4 revenue up 47% YoY to $928M, vs. $875.6M est., royalty revenue up 37%, and forecasts FY 2025 revenue below expectations (www.reuters.com)
2024-5-9 4Q

Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving (www.reuters.com)
2024-5-8 Tesla

Sources: the US Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models to China (www.reuters.com)
2024-5-8 China AI

Data collaboration software maker Atlan raised a $105M Series C led by Singapore's GIC and Meritech at a $750M valuation, taking its total funding to $206M (www.reuters.com)
2024-5-8 Singapore

Analysis: Asia Pacific data center deals, which have totaled $840.47M in 2024, or 50%+ of the global total so far, are set to surpass 2023's $3.45B record high (www.reuters.com)
2024-5-8 Asia

iRobot appoints Gary Cohen as its new CEO after Colin Angle resigned in January 2024 and forecasts 2024 revenue with a midpoint of $837.5M, vs. $829.8M expected (www.reuters.com)
2024-5-8

Twilio reports Q1 revenue up 4% YoY to $1.05B vs. $1.03B est., 313K+ active customer accounts, and forecasts Q2 revenue below est.; TWLO drops 5%+ after hours (www.reuters.com)
2024-5-8

Sources: BigCommerce, provider of software and an e-commerce platform to retailers, is exploring a sale after losing 90% of its market value since its 2020 IPO (www.reuters.com)
2024-5-8 IPO

GlobalFoundries reports Q1 revenue down 16% YoY to $1.55B, vs. $1.52B est., net income of $134M, and forecasts Q2 revenue above estimates; GFS closes up 7.1% (www.reuters.com)
2024-5-8

The US revokes some licenses that allow companies to ship chips and other goods to Huawei (www.reuters.com)
2024-5-8

Match Group reports Q1 revenue up 9% YoY to $859.6M, vs. $855.5M est., paying users down 6% YoY to 14.9M, and forecasts Q2 revenue below expectations (www.reuters.com)
2024-5-8

Amazon launches its online store in South Africa, offering same-day and next-day delivery and 3,000+ pickup points, challenging local rivals like Takealot.com (www.reuters.com)
2024-5-7 Amazon Africa South Africa

A US court rejects Realtek's lawsuit accusing MediaTek of paying a company to file meritless US patent lawsuits to drive Realtek out of the TV chip market (www.reuters.com)
2024-5-7

Synopsys agrees to sell its Software Integrity Group business to a PE consortium led by Clearlake Capital and Francisco Partners in a deal valued at $2.1B (www.reuters.com)
2024-5-7

Atos says it received four distinct offers to restructure its debt and inject cash from investors including Atos' banks and its largest shareholder Onepoint (www.reuters.com)
2024-5-6

Sources: Fei-Fei Li raised a seed round for a “spatial intelligence” startup using human-like visual data processing to create AI capable of advanced reasoning (www.reuters.com)
2024-5-4 Startup AI Intelligence

eBay reports Q1 revenue up 2% YoY to $2.56B, vs. $2.53B est., GMV up 1% to $18.6B, net income down 23% to $439M, and forecasts Q2 revenue below estimates (www.reuters.com)
2024-5-2 eBay

DoorDash reports Q1 revenue up 23% YoY to $2.51B, vs. $2.45B est., total orders up 21% YoY, and forecasts Q2 core profit below est.; DASH drops 9%+ after hours (www.reuters.com)
2024-5-2

Reuters/Ipsos poll: 58% agree with the statement that the Chinese government uses TikTok to “influence American public opinion”; 50% support a TikTok ban (www.reuters.com)
2024-5-2 China U.S. Ban

Ofcom opens an investigation into OnlyFans over its measures to stop children from accessing porn, after reviewing its “response to formal information requests” (www.reuters.com)
2024-5-1

Sources: Huawei moves Yu Chengdong, the high-profile chief of its consumer business who has held the job since 2012, to a new role as chair of the unit (www.reuters.com)
2024-5-1

In Congressional testimony, UnitedHealth CEO Andrew Witty plans to say that hackers exploited a Citrix vulnerability to breach UnitedHealth on February 12 (www.reuters.com)
2024-4-30

Tesla's FSD is set to face tough competition in China, after at least 10 automakers and suppliers announced driver-assistance systems over the past two years (www.reuters.com)
2024-4-30 China Tesla

The second AI summit, a primarily virtual event in Seoul on May 21 and May 22, faces challenges, as sources say far few leaders and ministers are set to attend (www.reuters.com)
2024-4-29 AI

Elon Musk visits China, a source says to discuss with senior officials the rollout of FSD in the country and permission to transfer data overseas (www.reuters.com)
2024-4-29 China Elon Musk

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